{"id":16702,"date":"2021-04-08T12:49:56","date_gmt":"2021-04-08T12:49:56","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=16702"},"modified":"2026-04-23T20:31:56","modified_gmt":"2026-04-23T23:31:56","slug":"jeju-casino-receives-transfer-permission-from-governor","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/jeju-casino-receives-transfer-permission-from-governor","title":{"rendered":"Jeju casino receives transfer permission from governor"},"content":{"rendered":"\n

Before Jeju Dream Tower casino can open there will be a period of inspection that could take at least a month.<\/p>\n\n\n\n\n\n\n\n

South Korea.- There’s more good news for Lotte Tour Development Co.<\/strong> After the\u00a0Standing Committee of Jeju Provincial Council approved its Jeju Dream Tower casino<\/a><\/em>, Won Hee-ryong<\/strong>, governor of the Jeju Special Self-governing Province has signed off on the <\/strong>relocation of Jeju casino<\/strong>\u00a0to US$1.4bn new venue.<\/p>\n\n\n\n

Now, all that remains an inspection of the new facilities<\/strong> that might require a month to be conducted.<\/p>\n\n\n\n

The Jeju Dream Tower that will host the Jeju Casino has already been through a Casino Impact Study Assessment which granted a \u201csuitable\u201d assessment to the scheme in August 2020<\/strong>.<\/p>\n\n\n\n

The Standing Committee of the Jeju Provincial Council attached nine conditions for the Jeju Dream Tower scheme<\/strong>, including an obligation to produce \u201cdetailed\u201d plans regarding donations to local communities.<\/p>\n\n\n\n

The council also ordered that 80 per cent of all jobs created at the Jeju casino must be for locals<\/strong>, including young people.<\/p>\n\n\n\n

The scheme\u2019s promoters should also produce proactive plans on educational opportunities for locals <\/strong>and for tackling crime.<\/p>\n\n\n\n

A local citizens\u2019 group had claimed that\u00a0official public opinion surveys were manipulated<\/strong>, but a tourism official from the Jeju government said nothing unusual had been found.<\/p>\n\n\n\n

Jeju Dream Tower and Casino<\/strong><\/h2>\n\n\n\n

Aside from the casino, Jeju Dream Tower includes a 1,600-room Grand Hyatt hotel<\/strong>, 14 restaurants and bars, a shopping mall, an outdoor pool, two spas and a top-floor skydeck lounge.<\/p>\n\n\n\n

The project includes an expansion of the permissible casino area from 1,175 square metres (12,648 sq. feet) to 5,367 sq. metres<\/strong>.<\/p>\n\n\n\n

The Dream Tower foreigner-only casino will have 150 tables<\/strong> offering five types of table game, 90 slot machines, and 70 electronic gaming machines<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Before Jeju Dream Tower casino can open there will be a period of inspection that could take at least a month.<\/p>\n","protected":false},"author":176,"featured_media":16703,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Jeju Dream Tower casino project, developed by Lotte Tour Development Co., has received final gubernatorial approval for its relocation to a new US$1.4bn venue, following the Jeju Provincial Council's endorsement. A mandatory facility inspection, expected to last at least a month, is the final hurdle before the foreigner-only casino's operational launch. This approval comes with specific governance conditions, including significant local employment quotas and community investment obligations.","focusai_entities":"Lotte Tour Development Co., Jeju Provincial Council, Won Hee-ryong, Jeju Dream Tower, Grand Hyatt","focusai_location":"South Korea, Jeju","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.9), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Impact Analysis","query":"What is the projected Gross Gaming Revenue (GGR) impact of the Jeju Dream Tower casino on the regional gaming market, considering its foreigner-only status and expanded gaming footprint?"},{"label":"Operational Cost Impact","query":"How will the mandated 80% local employment quota and community donation obligations affect the operational expenditure and Net Gaming Revenue (NGR) margins for Lotte Tour Development Co.?"}],"footnotes":""},"categories":[28,16338,158],"tags":[23765,23907,23851],"class_list":["post-16702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","category-slider-home","tag-jeju-dream-tower","tag-land-based-casino","tag-lotte-tour-development"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=16702"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16702\/revisions"}],"predecessor-version":[{"id":16717,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16702\/revisions\/16717"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16703"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=16702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=16702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=16702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}